Legislation impacting charitable giving

The COVID-19 global pandemic has proven to be a marathon, not a sprint. Nonprofit organizations will be relying on the generosity of donors for the foreseeable future to stay afloat and serve the people who need their programs. Supporting the causes you care about is more important now than ever before.

Included below is information about federal legislation that impacts charitable giving and strategies to consider in conjunction with those changes. As always, check with your financial or other professional advisor to determine what type giving is most appropriate for you. The NCCF team is ready to work with you and your advisors on an individual plan for expanding the impact of your philanthropy.

CARES Act

The 2020 CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act provided charitable giving incentives for both itemizing and non-itemizing taxpayers for contributions made to qualifying public charities for tax year 2021. As you plan your 2021 charitable giving, consider how these provisions may impact or inspire your philanthropy, and review strategies you may consider.